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Trade war: China retaliates, announces new tariffs on $50 bn of US goods

Extra tariffs will also be slapped on products such as whisky, cigars and tobacco, some types of beef, lubricants, and propane and other plastic products

Reuters 

China will impose additional tariffs of 25 percent on 106 US goods including soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods, the finance ministry said on Wednesday. The products targeted by the tariffs were worth $50 billion in 2017, according to a separate statement from the commerce ministry. ALSO READ: Trade war: US levies tariffs worth $50 bn on Chinese goods; China hits back Extra tariffs will also be slapped on products such as whisky, cigars and tobacco, some types of beef, lubricants, and propane ...

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First Published: Wed, April 04 2018. 14:08 IST
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